"A fundamental transformation is underway within healthcare today. Talented leadership will distinguish great companies in this uncertain environment," said Don Biskin, US Life Sciences Interim Practice Manager, Heidrick & Struggles. "Michael has a dynamic understanding of the complex talent issues facing healthcare. There is no doubt that he will further solidify our capacity to deliver top leadership for our healthcare clients."

Mr Loiacano has experience working with commercial and government health plans, health systems, and specialty services companies such as behavioral health, life and health management, pharmacy benefit management and information technology firms.

Based in the Chicago office, Mr Loiacano is also a member of the firm's Global Life Sciences and Insurance practices.

Mr Loiacano earned his MBA with concentrations in human resources and management from Loyola University in Chicago and his bachelor's degree from Merrimack College in North Andover, Mass. He currently serves as a trustee for the Allendale Association as well as a caucus committee member for the City of Lake Forest, Ill.